Joe Lonsdale, the founder of venture firm 8VC, says that top executives in artificial intelligence are underselling the resources they need to meet their ambitious goals.These companies are ” afraid to scare their investors, and so they are telling them they need a lot less capital, a lot less energy than they know they actually do,” Lonsdale, who previously co-founded Palantir, told CNBC’s “Squawk Box” on Thursday.This dynamic will create a continuous cycle where executives look for more capital and energy every three to six months to power their initiatives, Lonsdale said. Tech giants have ramped up spending on AI in…
Author: usaeverydaylife
LEAD PICTUREThis report is from this week’s CNBC’s “Inside India” newsletter, which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here.The big story31-year-old Aarushi Kilawat is a fashion entrepreneur from India’s Jaipur, a small city with less than 5 million residents — a far cry from Indian metropolises like Mumbai, Delhi and Bengaluru.Her brand, The Loom Art, works with over 500 artisans to make apparel from handwoven or hand-embroidered fabrics found across India’s small towns since 2018.These clothes end up in high-end stores of Mumbai, India’s financial capital, with a population of over 20 million, and…
A Chipotle logo is displayed on a sign at a shop on June 1, 2025 in Washington, DC.Kevin Carter | Getty ImagesShares of Chipotle Mexican Grill tumbled as much as 19% in morning trading on Thursday after the company cut its full-year same-store sales forecast for the third straight quarter.Including Thursday’s move, the stock has fallen 45% this year, dragging its market value down to roughly $43 billion. At least five Wall Street analysts have cut their price targets for the stock after the report, anticipating investors’ displeasure with the burrito chain’s shrinking traffic and gloomy outlook.”It’s difficult to call…
Zoom Video Communications is re-emerging as a modest-growth story at a cheap valuation, with a very strong balance sheet. When the company reported Q2 results in late August, revenue grew about 4.7% year over year — its strongest growth in over 11 quarters. Adjusted EPS of $1.53 exceeded consensus expectations, growing by almost 39% year over year. Free cash flow rose at a comparable rate to $508 million for the quarter, with a free cash flow margin of greater than 40%. Critically, Zoom is gaining traction in its enterprise segment, which rose to just over 60% of Q2 revenue, up…
Brian Roberts, Chairman and CEO of Comcast, attends the annual Allen & Co. Media and Technology Conference in Sun Valley, Idaho on July 9th, 2025. David A. Grogan | CNBCComcast clued investors into its potential M&A aspirations on Thursday. In short, executives think a deal could get done, despite recent naysaying.Comcast is among the interested parties in a potential deal for Warner Bros. Discovery. WBD, the owner of TNT Sports, CNN, HBO, Warner Bros. studio and other media assets, officially put itself up for sale after “receiving interest from multiple parties,” WBD CEO David Zaslav said in a statement last…
U.S. President Donald Trump speaks with Russian President Vladimir Putin, as they meet to negotiate for an end to the war in Ukraine, at Joint Base Elmendorf-Richardson in Anchorage, Alaska, U.S., August 15, 2025. Kevin Lamarque | ReutersPresident Donald Trump’s call for the U.S. to resume nuclear testing after a more than 30-year pause has caught Russia’s attention, with the Kremlin warning on Thursday that it would “act accordingly” if a Cold War-era moratorium on nuclear weapons’ testing was broken.Ahead of his high-profile talks with China’s President Xi Jinping in Asia on Thursday, Trump said he had instructed the Pentagon…
Meta’s CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024. Nathan Howard | ReutersMeta Platforms’ stock dropped more than 10% Thursday as skepticism about the payoff from its aggressive artificial intelligence spending plans overshadowed strong results.The social media giant lifted its 2025 capital expenditures guidance as it races against competitors to build out advanced AI tools. Meta now expects capex to range between $70 billion and $72 billion, versus prior guidance of $66 billion to $72 billion.CEO Mark Zuckerberg defended the company’s ambitious spending plans during…
Microsoft’s big spending plans are pressuring the stock, but analysts remain bullish on the tech giant. Shares were down around 2% after CFO Amy Hood said capital expenditures for fiscal 2026 would be above that of the previous year, as the company ramps up artificial intelligence investments. For the company’s fiscal first quarter, capex totaled $34.9 billion. Analysts also pointed to a slight miss in headline Azure growth as a soft spot. But overall, analysts maintained their overwhelmingly bullish stance on Microsoft. Many believe that this increased spending ahead is justified by the growing demand for Microsoft’s products. “While we…
Alphabet stock jumped 4% Thursday after the company reported third-quarter financial results that beat across the board and increased its capital expenditures for the year.The Google parent company bumped its spending expectations on artificial intelligence infrastructure to $91-$93 billion from $85 billion the prior quarter, noting continued strong cloud demand.CEO Sundar Pichai said the company had a $155 billion backlog for Google Cloud at the end of the quarter.”Looking out to 2026, we expect a significant increase in CapEx,” Chief Financial Officer Anat Ashkenazi told investors on the earnings call Wednesday.Deutsche Bank said in a note that there was “virtually no…
The European Central Bank has kept interest rates on hold, as expected, at its latest meeting on Thursday.The central bank held its key deposit facility rate at 2% for the third consecutive time, having last cut rates in June. The trim, which coincided with euro zone inflation hitting the ECB’s target rate of 2%, was part of a rate-cutting cycle that has brought rates down from last year’s record high of 4%.The ECB said in a statement Thursday that “inflation remains close to the 2% medium-term target and the Governing Council’s assessment of the inflation outlook is broadly unchanged.” “The economy has continued…
